 |
|
|
Item Details
| Title:
|
CANADA AND THE GOLD STANDARD
BALANCE OF PAYMENTS ADJUSTMENT UNDER FIXED EXCHANGE RATES, 1871-1913 |
| By: |
Trevor J.O. Dick, John E. Floyd, Michael Bordo |
| Format: |
Hardback |
| List price:
|
£90.00 |
|
We currently do not stock this item, please contact the publisher directly for
further information.
|
|
|
|
|
|
| ISBN 10: |
0521404088 |
| ISBN 13: |
9780521404082 |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
24 April, 1992 |
| Series: |
Studies in Macroeconomic History |
| Pages: |
254 |
| Description: |
This interpretation of the Canadian experience extends the monetary approach to balance-of-payments adjustment that realizes the full implications of international capital mobility. |
| Synopsis: |
In this re-examination of Canada's balance-of-payments experience under the gold standard, the authors develop and empirically test a new portfolio approach to the mechanism of balance-of-payments adjustment. This adjustment mechanism responded to massive inflows of foreign capital during a critical period of Canada's economic growth in the early years of the twentieth century. The authors show that the existence of international mobility of capital requires a fundamental revision of the price-specie-flow theory that has traditionally been used to explain adjustment when the balance of payments was more nearly dominated by the balance of trade. The approach taken by Professors Dick and Floyd not only answers the critics of Jacob Viner, who first explored the Canadian case after 1900, but also offers a new perspective on how the gold standard in general actually worked. This interpretation of the Canadian experience is an extension of the monetary approach to balance-of-payments adjustment that realizes the full implications of international capital mobility. |
| Illustrations: |
24 tables, 35 line diagrams, appendices, references |
| Publication: |
UK |
| Imprint: |
Cambridge University Press |
| Returns: |
Returnable |
|
|
|
 |
|
|
|
|
|
No Cheese, Please!
A fun picture book for children with food allergies - full of friendship and super-cute characters!Little Mo the mouse is having a birthday party.
|
My Brother Is a Superhero
Luke is massively annoyed about this, but when Zack is kidnapped by his arch-nemesis, Luke and his friends have only five days to find him and save the world...
|
|
|
|
|